In Week 24, 2025 (June 9-June 13), the International Grain Future Freight (IGF) reported the future freight rate of Panamax from U.S. Gulf to Tianjin (soybeans) from October to December 2025, and the trend is shown as follows:
Mild rainfall across the U.S. Midwest soybean production areas has been favorable for crop development during this critical growth stage. According to data from the U.S. Department of Agriculture, both soybean planting and emergence progress remain ahead of last year and the five-year average. As of the 2024/25 season, soybean planting stands at 90%, compared to 86% at the same time last year and a five-year average of 88%. Emergence has reached 75%, ahead of last year’s 68% and the five-year average of 72%.
In terms of the transportation market, the future freight rate remained steady during the week of June 9 to 13 (Mon. to Fri.), and finally closed at $47.75 per ton, unchanged from June 6 (the last release day of Week 23).
(The analysis report is for reference only and at your own risk)
